UPDATE: Temasek Sets 2-Part GBP700M Sterling Bond Terms - Source

19th Jul 2010 14:55

(Updates pricing information) LONDON (Dow Jones)--Singapore's state investment company Temasek Holdings will price the GBP200 million, 12-year portion of its planned two-part sterling bond issue at 95 basis points over gilts, and the GBP500 million, 30-year portion at 90 basis points over gilts, a person familiar with the situation said Monday. Pricing will be tighter than initial guidance, which was set at 97-100 basis points over gilts on the 12-year bonds, and 92-95 basis points over gilts for the 30-year bonds. Deutche Bank AG, HSBC Holdings Plc, the Royal Bank of Scotland and UBS AG are lead managers on the deal. Temasek is rated triple-A by Moody's Investors Services Inc. and Standard & Poor's Corp. -By Art Patnaude and Mark Brown, Dow Jones Newswires; +44 (0) 207 842 9259; [email protected] (END) Dow Jones Newswires July 19, 2010 09:55 ET (13:55 GMT)